USDC

NetEquivalent4669

Well for myself, no because I am trying to move money around to invest it after hours. For sending money to people yes both of those are great. I keep my cash in robinhood to earn 3.5%. If Crypto takes a tumble after hours and I want to buy the dip, I need to buy USDC from Robinhood and send it out. I can only do that with crypto. Otherwise I have to wait until market open and even then, it will take 3 or 4 days for my funds to settle.

OrneryQuorum414

Kraken's fee structure is rough for small positions, no way around it. dYdX runs on layer 2 and the trading fees are basically nothing, just gas for moving funds on and off. you'd need to bridge USDC over but once it's there you can open shorts with way less getting eaten by the platform just know the spreads can get a little weird during volatile moves but for a trade that size it's probably your best bet

theusedcomputers

Yes. You can receive payments in BTC and get USDC or get BTC all very fast.

theusedcomputers

This will change. Only crypto can solve the microtransactions Ai agents are making. Disclosure: I’m working on InVastor, where we’re building this around agents buying and selling services under owner-approved budgets. InVastor Coin is an ecosystem payment option, alongside supported crypto, with USDC settlement intended to keep sellers from taking unwanted token-price exposure.

theusedcomputers

I respectfully disagree. With Ai, we have now come to the point where crypto actually works. There are many micro transactions that Ai agents will need to conduct. Trillions daily. Visa/Mastercard charge 2.9% + $0.30 per transaction. Crypto charges $0.00001 or less per transaction. As more agents take over, the usefulness of crypto will become apparent. Disclosure: I’m working on InVastor, where we’re building this around agents buying and selling services under owner-approved budgets. InVastor Coin is an ecosystem payment option, alongside supported crypto, with USDC settlement intended to keep sellers from taking unwanted token-price exposure.

theusedcomputers

I think agent payments are a logical next step, but crypto is only part of the solution. An agent also needs spending limits, proof that work was delivered, and a way to handle disputes. Disclosure: I’m working on InVastor, where we’re building this around agents buying and selling services under owner-approved budgets. InVastor Coin is an ecosystem payment option, alongside supported crypto, with USDC settlement intended to keep sellers from taking unwanted token-price exposure. For microtransactions, our approach is to fund a capped budget, meter accepted work, and aggregate small amounts before settlement—not send a blockchain transaction for every API call. For example, 1,000 accepted results at $0.001 each become $1 to settle, while preserving the fractional accounting. We’re still rolling out and verifying the live flows, so I wouldn’t claim everything is already operational. But I think bounded agent commerce is much closer than completely independent AI businesses. Crypto can make settlement easier; it doesn’t remove the human/business responsibility or KYC requirements behind the agent.

Bluejumprabbit

Ethereum still holds most USDC but the growth sits on Base and Solana now, Base mostly because Coinbase routes its own flows straight there. Track how much of each chain's supply is natively minted, a chain running mostly bridged USDC is leaning on Ethereum liquidity and can drain fast the moment yields shift.

TonsilsDeep

Decentralized exchange. Transfer to anonymous crypto like ZEC or XMR. Transfer to USDT-USDC if you want to keep the dollar value the same. Non taxable and untraceable. You're welcome. The only taxable event after would be transferring into fiat.

AggravatingPickle559

However, if you just wanted to pull it out and keep it in USDC or USDT until you wanted to re-enter the market again, would that be a taxable event as long as you didn't pull it out in cash?

No_Knee3385

RWAs are just tokenized to my knowledge, I don't think you need identity anythings on chain. You can move them around just like USDC or any stable. IF you want the underlying asset, then you need to give your identity but otherwise, you're responsible for your own taxes

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Post is by: No-Exercise4586 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xe9x9g/momentum_signal_is_real_but_eaten_by_costs_is_the/ I built a backtesting lab with preregistration, out-of-sample splits, and a cost model measured from real order-book data. Over 3 years of Binance USDⓈ-M futures (12 symbols), I tested \~25 ideas: cross-sectional momentum, funding carry, taker-flow imbalance, liquidation reversal, spot-futures basis, cross-predictability, clock-phase effects. Consistent finding: **several signals have a small positive gross edge (\~8 bps per trade), but round-trip taker cost (\~15 bps) kills them.** Own-asset momentum (14–28d) is the most robust, surviving out-of-sample with modest Sharpe, but net profit is thin after costs. My measured order-book data suggests maker execution on USDC pairs could cut round-trip cost to \~4 bps, which would flip some signals positive — but maker fills carry adverse-selection risk (you get filled right when price turns against you). **Question for those who've actually traded live on a retail account:** is the edge ever in the signal, or is it entirely in execution (maker vs taker, venue, timing)? Has anyone made a simple momentum or cross-sectional system net-profitable after real costs? Or is the honest answer that retail price-based edges just don't survive costs without HFT-level execution or structural advantages? Genuinely trying to learn, not sell anything. Happy to share my methodology. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Bluejumprabbit

5% on T-bills is the competition for every stablecoin farm paying single digits, when the risk-free rate climbs a lot of parked USDC leaves DeFi for a money market fund. If you still want onchain yield that holds up, Boros lets you trade the funding rate directly so you're not just eating whatever the lending pool pays.

troysrus

When you sell your Bitcoin, you’ll owe a significant chunk in capital gains tax the following year. Borrowing against it isn't a taxable event. If you don't want a centralized lender like Ledn holding your keys, you can use a non-custodial DeFi protocol like Aave (using wrapped BTC like cbBTC or WBTC) to borrow USDC at \~4–6% variable APR. You can borrow up to \~70%, though keeping your LTV around 25–35% is much safer to avoid liquidation during dips. Since Bitcoin tends to outpace a 5% borrow rate over the long run, your LTV naturally shrinks as BTC appreciates—meaning you can roll the debt indefinitely without ever selling your stack. Look into the 'Buy, Borrow, Die' strategy.

tenor_tymir

It’s not really that different. I use it because I get me more cashback than anywhere else. I use MiniPay and the debit card gives me cashback in USDC @ 5% per purchase. That’s pretty good in the basic tier without any requirements at all.

CrazyRaccoonUK

BTC to USDC transfer bits onto crypto Debit card not held with an exchange. No tax to pay.

No-Masterpiece2246

Knowing what a cryptocurrency is and isn't doesn't require any "philosophical debate". It's just a skill issue on your part of not knowing how these technologies work. Bitcoin is mined and decentralized via a peer to peer node and mining system, like many other cryptocurrencies (BCH, DOGE, LTC, XMR, etc). Stablecoins are not mined and they're not decentralized. If you don't understand it, don't worry about it. Nobody is using DAI, and it's not proven to be stable or even safe yet. Probably flawed at the spec level because there is no actual fiat backing it. But who cares, USDT and USDC are the stables that are used for 99% of the time.

Altruistic_Ranger_57

setting a target of 0.5 makes a lot of sense. Switching out of the "all or nothing" mindset really does change daily life for the better. If you start putting some time or money into a good trainer or just a hobby you actually care about, it gives you something different, something valuable that wont ever show up on a balance sheet. ive got my own version of this. Keep a little separate stash thats just for regular spending. i put it on Walden Pay, which is this prepaid crypto card you load up with USDC. Can use it when im out at shops or buying stuff online, wherever. Makes me feel like im actually using crypto, not just watching it collect dust while my nerves build up. Helps me leave my main stack alone too. hope this next phase treats you well. 0.5 in your stack and some actual breathing room in life, sounds good to me

pitalik

The $6.5b USDC on hyperliquid also earns yield for the ecosystem. ~3.3% after circles cut and expenses. ~$15m a month in usdc which goes straight into buybacks and burns

stay_safe_and_calm

Just use non-KYC exchanges and swap your BTC for USDC or USDT. Then transfer smaller amounts of your USDC to a crypto debit card (such as Krak card) and use it for your daily spendings.

papatoshi

Use https://lava.xyz to get a USDC loan against your BTC, no tax hit

Quiet_Chemical_5773

bitcoin has longish confirmation times. crypto exchanges have hidden spreads, fees, so buying 350 doesnt get you 350 worth. fastest transfers are on solana network, best choice to pay is like buying USDC and sending it via solana, seconds for transfer completion

anwelxyz

The rate isn't even the worst part — it's redefining a swap into USDC as "cashing out". You still hold full crypto exposure, you haven't seen a single euro, but the tax bill is real money. All this does is punish rebalancing and push active traders toward friendlier jurisdictions.

polymath_uk_

The use case is a decentralised, untrackable, cross border payments, anonymous coin with a reasonably fast settlement and a reasonably stable price. In other words, Monero. What does all this complication with Solana add to that exactly? I mean I could definitely see a use-case for a USDC-like stablecoin with complete anonymity, but this isn't that.

PuzzleheadedHuman

On liquid pairs, yes, that 0.85% is most of what the trade costs you. Orca's SOL/USDC pool holds about $29.5M and did around $142M of volume yesterday, so a $1,000 swap barely moves it. Apart from the pool's own small fee, the wallet fee is the bill. It flips on smaller tokens. I work on DEX data at DexPaprika and wanted to know where the crossover sits, so this morning I took the 600 most-traded Solana tokens. The median one has about $105K of DEX liquidity in total. If that all sat in one plain constant-product pool, a $1,000 buy would lose roughly 2% to price impact. That's already more than double the wallet fee, and it grows with trade size while the wallet fee stays flat. So the line to read on a quote is price impact, not just the fee. On deep pairs, the fee is what you're optimizing. On thin ones, it's your trade size.

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Post is by: ChikoJjjj and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xbi6j9/research_demystifying_perpetual_funding_rate/ Hey r/CryptoMarkets, With the continuous chop and volatility across the crypto markets, many traders lose significant capital trying to time directional moves on leveraged futures. Over the past few months, our team has been benchmarking cross-exchange perpetual funding rate discrepancies across 31 exchanges (Binance, Bybit, OKX, Gate, MEXC, Hyperliquid, dYdX, etc.). We wanted to document how delta-neutral funding rate arbitrage actually functions under the hood, analyze realistic yields, account for exchange fees, and outline the exact risks people often fail to mention. --- ### What is Delta-Neutral Funding Arbitrage? On perpetual futures, there is no expiration date. To keep perp prices pegged to the spot index, exchanges use a **Funding Rate** mechanism: - If perp price > spot price (bullish skew), funding is positive: **Longs pay Shorts** every 8h (or 1h/4h). - If perp price < spot price (bearish skew), funding is negative: **Shorts pay Longs**. Because each exchange has a distinct user base, open interest, and margin system, funding rates on the exact same token can diverge dramatically between venues. **The Strategy:** 1. Open a **Short position** on Exchange A (where funding is high positive, so shorts receive cash). 2. Open an equal-sized **Long position** on Exchange B (where funding is lower or negative). 3. **Net delta:** $(+1) + (-1) = 0$. You are completely indifferent to whether the token skyrockets 300% or plummets 80%. 4. You collect the funding spread every settlement period directly in USDT/USDC. --- ### Real-World Example & Mathematical Breakdown Let's look at real live numbers taken from active cross-exchange books: - **Pair:** `BTW/USDT` - **Exchange A (Bybit - Short):** Funding = -0.510%/day - **Exchange B (MEXC - Long):** Funding = -0.725%/day - **Net Spread:** `+0.215% per day` (~78.2% Annualized APR) #### Accounting for Friction & Fees: Many people forget that entering and exiting two positions incurs 4 trading fees: - Exchange A: Entry Taker fee (0.04%) + Exit Taker fee (0.04%) = 0.08% - Exchange B: Entry Taker fee (0.04%) + Exit Taker fee (0.04%) = 0.08% - Total round-trip fee: ~0.16% – 0.25% of position notional. With a daily net spread of +0.215%, the **Payback Period** is: $$\text{Payback} = \frac{0.25\%}{0.215\%} \approx 1.16 \text{ days}$$ After roughly 28 hours, all trading friction is paid off. From day 2 onward, every funding interval generates pure market-neutral cash flow. #### Simulated Returns on $2,000 Capital ($1,000 per leg): - **7 Days:** +$15.00 net - **30 Days:** +$64.30 net - **1 Year (extrapolated):** +$782.33 net (~78% return on capital without directional exposure). --- ### What Can Go Wrong? (Risk Checklist) Don't let anyone tell you this is "100% free money without any risk". The strategy is market-neutral, but execution risks exist: 1. **Liquidation on One Leg (Margin Imbalance):** If you use 10x leverage and the token surges 15%, your short leg will be liquidated even though your long leg is deep in profit. *Mitigation:* Use low leverage (2x to 3x max) and keep spare collateral on hand. Always monitor your Liquidation Buffer Ratio ($LBR > 40\%$). 2. **Funding Convergence / Flip:** Funding spreads fluctuate. When traders spot the anomaly, arbitrageurs enter and the spread compresses back toward zero. *Mitigation:* Have automated alert triggers when the spread drops below threshold so you can unwind both legs simultaneously. 3. **Slippage on Illiquid Altcoins:** If the 24h volume on one venue is under $500k, market orders can eat up several days of funding profit. *Mitigation:* Stick to pairs with verified 24h depth > $1M. --- ### Tools & Open Live Scanner If you want to track real-time spreads across 31 exchanges without building your own CCXT polling scripts: - We built a live scanner: [Funding Finder Web Terminal](https://funding.up.railway.app) - You can also test it inside Telegram as a Mini App: [@fundinganalyzerbot](https://t.me/fundinganalyzerbot/app) - Interactive bot commands: `/top` for active spreads, `/calc 1000` for net profit calculations, `/arb <coin>` for specific tickers. - Community and discussion: [t.me/fundingfindersupport](https://t.me/fundingfindersupport) Happy to answer any questions about the math, CCXT normalization, or perpetual funding mechanics in the comments below! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Non-essential-Kebab

no. you're being taxed on un-taxed income/profits. cashing out in most places is also a taxable event, however the "profit" from converting USDT/USDC to Euro is almost nothing (especially after fees) as the only difference is the exchange rate - which might have even gone down in the interim

Quant_Helixon

Funny how this specifically targets MiCA regulated stablecoins like USDC/EURC while non compliant ones might escape it for a while. Traders are just going to find workarounds, and it completely defeats the purpose of regulatory clarity.

Salty-Technician-633

The French government seeing you swap BTC to USDC: "Is that the sweet scent of taxable revenue I smell?

Bluejumprabbit

This passed by a single vote, 38 to 37, and it treats a swap into USDC or EURC as a taxable disposal at the full 31.4% flat rate, 12.8% income plus 18.6% social charges. French holders who parked in stablecoins to delay the fiat offramp tax lose that move, the trigger is now the conversion itself.

HumblestofBears

AI agents already favor USDC on Coinbase for their interagent operations. They can do things to data you cannot fathom, and could realistically bring down the entire banking system we have known for years with their ability to completely overwhelm safeguards in the systems that humans can't work fast enough to exploit.

supervisionado

Just the payment system has a shitty ux bro. I coded recently a payment system for a service on telegram, and one of the things I had in mind was possibility of accepting payments with native token of any chain that accepted USDC or USDT on it. It's just obvious to me. And no wallet connection required. Requesting wallet connection is nice to code on the UX, but there were a lot scams on crypto... people some times have fear to connect. Even thought just connecting doesn't make any transfer/authorization automatically possible.

thib_

in some cases, if you make a BTC->USDC->EUR transaction, there is a risk of double taxation. Some stablecoins like USDe might not be affected (falls under ART rules)

Silver_Corgi1848

Freelancer here, two overseas clients pay me in USDC because a wire takes days and eats a chunk in fees. That's the one case where it actually beats the bank. For regular stuff I just cash out to a card, I've never paid for anything directly with BTC. In the US every purchase counts as a taxable sale, so a coffee turns into capital gains paperwork. Nobody wants that.

Sea_Camel7156

Wenn der Euro crasht hab ich lieber USDC im Portmonee

flying_cactus

Most vendors in the US will take USDT or USDC on Eth. You should ask the vendor first what asset they want payment and on what chain. Most companies cant take on the risk of holding ETH so they prefer payment in stablecoin. If you were on a CEX, just sell the ETH for USDT and then withdraw to the vendor’s wallet, it will cost fees. If you are trying to do this on chain, then you need to deal with gas, swaps, and all of that.

crushplanets

The bot hits a website that offers something useful. The site says "that'll be 2 cents." The bot pays instantly, in a digital dollar (USDC), and gets the data. So you tell an agent "find me a good deal on flights to Tokyo." It might pay a data service 3 cents for current fare info, then pay a second AI 5 cents to compare the options. Total cost: 8 cents, spent automatically, in a few seconds.

JuriJurka

„why did your account get closed?” I also want to know that I get weekly payout money from a payment provider and can also provide the payout statement etc. It’s USDC. I got paid by them for years now and never had a problem. I still payout now with OKX and Bitvavo. OKX is literally EU regulated and I have 0 troubles there. Binance is literally stealing my money right now. I can’t comprehend this malice either. I am from Germany.

GiraffesAreSoCute

They're just scam tokens. They spend money sending them because one successful scam covers their upfront cost with enough to do more. Or they just want to spread the token across many wallets so that when they advertise their shitcoin it "diverse" and "wide" ownership. There's no risk with interacting with them really. But there's also no reason to. There are multiple ways to pull this kind of scam off, usually the idea is to just someone interested in the token and buying them. Or they send a fake USDC token in hopes that you buy the wrong one when swapping in your wallet app or something. Or as I said earlier, they just want to make it look like their shitcoin has mass ownership and "adoption" so that they can fool others. But there's not inherently anything risky with interacting with them. There used to be old-wives-tales of people "drained" from selling a scam token or whatever. All those stories inevitably end up as just being people who got scammed by some more embarrassing way and covering up. Approving a scam token only allows for that token to be used. Anyway, just ignore them. You'll get them all the time. Forget them.

Tall_Setting_3998

I’d use stablecoins for services and bigger purchases if local ATL businesses accepted them easily. Tools like Inxy (licensed B2B crypto payment gateway for accepting/sending/exchanging USDT, USDC, etc.) seem perfect for making that happen without the usual payment headaches.

DarkChurro

Learn about liquidity pools on Uniswap or Aerodome. Best place to start is USDC/ETH.

VastJuice2949

I have a card with GoMining. Use it daily and it feels exactly the same as a bank card when I tap with my phone. Actually spending BTC and USDC feels good

quintavious_danilo

Definitely changed, I only use USDC on Base

jawni

I use my Coinbase Card quite a bit. It works mostly the same as any other card but to pay the balance it draws from the crypto I hold on CB, which is just USDC from taking profits, that is parked in Morpho earning 7% until it gets taken for payment. The cashback is only good if you're holding thousands of assets on Coinbase and the rewards are meh, but if you want an easy way to take profits and have it earn a solid yield until it gets spent, then it's not bad.

quintavious_danilo

What do you mean by using only Celo? It operates on Celo, yes, but stablecoins can be sent from several networks. I typically purchase USDC from an exchange and transfer it to Minipay on the Basechain. I avoided Oobit because of higher fees, and I prefer not to earn cashback in the Oobit token. They offered no option to receive rewards in USDT to me.

quintavious_danilo

I use MiniPay and receive 5% cashback in USDC on USDC spending. Using a direct debit card makes no difference.

quintavious_danilo

I use MiniPay and receive 5% cashback in USDC on USDC spending. Using a direct debit card makes no difference.

FeelingCombination55

One of the ways we're thinking of trying to meet this best of both, is having our own L1, and whilst a user has their fiat with us, we mirror their funds on-chain, and can easily allow them to go back and fourth, with the mirrored assets being in self custody and always redeemable (with the fiat being insured), similar in a way to how circle/USDC works.

Bluejumprabbit

Zero fee here just means Samsung is eating the cost, USDC settlement on Solana is already sub cent so the fee was never the blocker. Getting a stablecoin wallet baked into Samsung Pay by default is the part that moves volume, that's distribution to hundreds of millions of phones.

eastwill54

The part most people miss is that the merchant never touches the stablecoin. They get paid in their own currency like any other Visa sale, and the stablecoin only changes how the issuer funds and settles with the network. A company whose revenue already lands in USDC can spend straight from that stablecoin balance instead of off-ramping to a bank first. Altitude offers a corporate Visa card that draws on a prefunded USDC account, with no credit line behind it. That use case, businesses with onchain revenue paying for real-world things, is probably where these cards grow fastest.

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Post is by: ashishxo and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x2bvdu/best_way_to_sell_usdc_to_cad_bank_transfer/ Hello, I’ll be receiving some USDC very soon, and would want to know what is THE most efficient and cheapest method to convert USDC and deposit it into my Canadian bank account. I’m not too knowledgeable about crypto, but want to avoid fees as much as possible. I don’t have an issue with withdrawal taking a few days to land into my bank. Thanks *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: marshallxfogtown and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/1x29sbq/how_do_we_feel_about_cbbtc_and_wbtc/ So I recently sold some of my profit on my BTC investment, it was not much, but it was 25% of my BTC holdings because I was up over 30%. Now I've got this USDC sitting earning interest in Aave, learning about DeFi, and have been noticing i could keep my "BTC" on chain and save money in swap fee's, and potentially trade the swings in BTC price for a lot cheaper than if I were to use Thorchain for native BTC swaps... I've been enjoying keeping my BTC self custody and have avoided introducing it to any CEX's so far since acquiring it, so I just wanted to get the publics current opinion on holding cbBTC or WBTC for my purposes, especially if it is only 25% of my BTC holdings.. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Initial_Note_5987

I can add BTC GoMining Token USDT or USDC but all my funds for it are held on their app before being loaded onto the card

Ammused-Muffin-6942

Just let it appreciate in value and liquidate when I’m ready to buy a sailboat. I also thought about using BTC as collateral to borrow USDC and use USDC to reinvest into ONyc and profit from the spread but I’m concerned about lending out my BTC.

UtahImTaller

I only speculative trade one coin. Sold all of it 2 days ago after like 400% over the course of about a week.  So right now all I hold is USDC till I feel like buying back in.

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Post is by: chainglance_cm and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x0udgi/why_hype_is_surging_and_what_could_crash_the/ If you've been on crypto twitter at all lately, you've probably seen the hype around HYPE (yes, I did that on purpose). And since it started pumping, everyone's doing the usual thing, zero research on what it is or why it's going up, and just shilling the fuck outta it or getting shilled.  If you've been watching from the sidelines with some FOMO but want to understand what's actually driving this before you make a move, I did some research and here's why HYPE is suddenly so big (feel free to add or correct anything).  **What Hyperliquid is** Hyperliquid is a perp DEX, and it's the one that finally made on-chain perps feel as smooth as trading on Binance. Instead of building on top of an existing chain, the team built their own L1 designed purely for trading, with a fully on-chain order book. That's what lets it match CEX speed and fees while you still keep your own keys and skip KYC entirely. That combo is why volume migrated over so aggressively, and today it handles a huge share of all on-chain derivatives activity. It makes money the way any exchange does, through fees on every trade. **What HYPE is** HYPE is Hyperliquid's native token. You can stake it to help secure the chain, use it to vote on protocol changes, and holding it gets you lower trading fees. The real reason people care, though, is what the exchange does with its revenue. **How the buybacks work** Hyperliquid uses its trading fees to buy their own token, HYPE, off the open market and then burns it, which means those tokens are gone for good. It's basically what Apple does with its stock as well. Buy back shares, fewer left in circulation, each one owns a bigger slice of profits.  So more trading means more fees, more fees mean more HYPE bought, and the circulating supply keeps shrinking. There's a buyer in the market every single day that never sells. And since in HYPE’s case, the bought tokens get burned, there are fewer HYPE left over time. If demand stays the same but there are fewer tokens to go around, the price goes up.  In one recent 24-hour window, Hyperliquid bought and burned 112,580 HYPE, worth about $10.15 million. Total removed so far is roughly 49.25 million HYPE, around $4.45 billion worth. **The second, bigger buyback engine** This is the main catalyst behind the recent run. Every leveraged position on Hyperliquid needs collateral, and most traders use USDC for that. Add that up across the whole platform and Hyperliquid is sitting on billions in USDC at any given time, all of it earning yield. For a while that yield wasn't doing anything for HYPE holders. Then in August, Hyperliquid switched on a system called AQAv2, which sends 90% of the yield from roughly $5 billion in USDC reserves straight into automatic HYPE buybacks and burns. It went live on August 26, with the first payout scheduled for October. So now HYPE has two buyers working at the same time, one funded by trading fees and the other by yield on deposits. The more the platform gets used, the harder both of them buy. **What else added fuel** While AQAv2 is the biggest catalyst behind the recent surge, a few other events added even more momentum. Hyperliquid launched tokenized NVDA, QQQ and SPY that trade 24/7, pulling in people who'd never used a perp DEX. US regulators also gave tokenized stocks a lot more legitimacy this year. The SEC and CFTC put out guidance in January and March, and in September the SEC announced a five-year exemption for platforms trading tokenized securities. None of it approves Hyperliquid directly, but it took the whole category out of the gray zone. On the TradFi side, Bitwise and Grayscale launched spot HYPE ETFs (huge credibility booster), so every dollar going into them buys real HYPE. And Bloomberg just listed Hyperliquid's perps on its Terminal, putting it in front of basically every fund manager (more credibility). All of this means more volume, more fees and more USDC sitting as collateral, which all ends up as more HYPE bought and burned. Open interest just hit a record $18 billion. **What could go wrong** Things look really promising right now, but there are a few risks that could stall the run or kill it entirely. Hyperliquid Labs is selling 3.75 million HYPE (about $340 million) OTC to a single unnamed institution. The whole bull case is built on supply shrinking, and this adds more than a month's worth of burned tokens back into circulation in one go. It won't hit the order book directly, but OTC buyers often get a discount and can sell for a quick profit once they're able to.  On top of that, the team selling a big bag right as the price nears ATH doesn't exactly scream confidence. And plenty more supply is still locked, so this won't be the last time. All USDC on Hyperliquid comes in through a bridge, and bridges are among the most hacked contracts in crypto. A hack would hit user funds and the reserves funding the new buybacks. The validator set is small and closely tied to the team. In March 2025, they delisted the JELLY token and settled positions at a price they picked to stop a manipulation attempt. It protected the platform, but showed a few people can override the market. The same SEC guidance that legitimized tokenized stocks also says they're securities, and Hyperliquid offers them offshore without SEC registration. Stricter enforcement could turn that growth driver into a problem. And it all depends on activity. If volume dries up, both buyback engines slow down. With all that said, what you do with this info is up to you. And if I missed something or got anything wrong, drop it in the comments. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

sylsau

**🚨 Crypto’s biggest breakthrough may be making crypto disappear.** Samsung’s planned USDC rollout could reach **82 million compatible U.S. Galaxy devices.** Most consumers don’t want a blockchain tutorial. They want to send $200. A familiar wallet could handle the action while the infrastructure works underneath. Here’s the power shift: when users stop caring which blockchain moves their money, the company controlling the interface gains influence. **The next financial battle may be over who owns the Send button.** Who captures the value when crypto becomes invisible?

4-1Good-79

You can keep your BTC and use it as collateral to borrow USDC

Constant_Low_256

Bro want me to send you 20 USDC to buy some food?

1moreApe

I dont know where ur funds are. If onchain use Jumper to receive USDC in Arbitrum. In HL just use the deposit option. Takes 1 minute

Mediocre_Job8085

CBDC vs stablecoin, the short version: A stablecoin is a crypto token (on Ethereum, Tron, Solana, etc.) that tries to hold parity with a fiat currency, usually the dollar. Two dominant models: fiat-collateralized (USDT/USDC — an issuer holds reserves and mints/burns tokens) and crypto-collateralized (DAI — overcollateralized with crypto locked in smart contracts). The peg is a promise plus arbitrage, not law. A CBDC is digital fiat issued directly by a central bank. It's a liability of the central bank itself — like cash, but electronic. No issuer company, no private balance sheet to trust. Practical differences that matter: - Who controls it: stablecoins are run by companies (Tether, Circle) with their own custody and freeze abilities; a CBDC is controlled by the state. - Censorship: both USDT and USDC have frozen addresses at issuers' or authorities' request; a CBDC bakes programmability in at the protocol level — the design space includes expiry, usage limits, or negative rates. - Settlement: stablecoins settle on public chains, finality depends on the chain; a CBDC settles on the central bank's own ledger. - Traction so far: stablecoins have real adoption (hundreds of billions in circulation, used for payments and trading); retail CBDC pilots like the e-CNY have seen limited uptake. One-liner: a stablecoin is a private IOU for dollars living on a public blockchain; a CBDC is the dollar itself in digital form, living on the central bank's system.

CycleBelly

Definitely look into KiiChain! It's designed specifically around local-currency stablecoins so people can transact in their native currencies without paying huge bank FX fees or forcing everything into USDC.

Dangerous-School212

Question that’s probably been asked a lot but don’t have the time to read all posts. Ok.. May sound stupid but bitcoin went up today should I take the daily gains and put it in my USDC, and when it goes back down put it back into bitcoin? Same question i guess for ZCASH. Right now losing everything even my home due to separation with an ass🕳️ .. Please i appreciate advice, It’s now like I even have 1/2 of a bitcoin. Thank You.

Dangerous-School212

Question that’s probably been asked a lot but don’t have the time to read all posts. Ok.. May sound stupid but bitcoin went up today should I take the daily gains and put it in my USDC, and when it goes back down put it back into bitcoin? Same question i guess for ZCASH. Right now losing everything even my home due to separation with an ass🕳️ .. Please i appreciate advice, It’s now like I even have 1/2 of a bitcoin. Thank You.

pitalik

Usdc issuer circle just deposited $14.5m into hyperliquid, to fund HYPE buybacks and burn. $14.5m is the monthly yield on over 6b in USDC on hyperliquid. That is more than 10% of all usdc in existence, on hyperliquid

Present_Let2487

If the USDC transactions are confirmed on-chain, I’d probably just wait a bit and contact SimpleSwap if the bigger one still hasn’t arrived, weird that some of the smaller swaps went through while others are stuck.

Ok_Lunch1400

CCTP bridge your USDC to Arbitrum One -> Deposit on Hyperliquid

Iamgodx3187

Whatever you do, do not send USDC directly from an exchange like Coinbase or Binance. It'll get lost.

BILLYBUTCHER_2

Yeah, I definitely wouldn't try to speed-run a bridge when there's an open perp 😂 One wrong network or USDC version and suddenly the “fast bridge” becomes a very expensive lesson. I'd test with a small amount first before moving the actual margin.

Loud_Movie_8484

This is my own experience with a small Ledn loan. I used AI to help organize the write-up and work through the hypothetical $25,000 comparison below. Wouldn’t this be a practical use for a short-term Bitcoin-backed loan—getting cash without selling BTC and realizing capital gains—assuming the mortgage lender accepts the funding source and you have a clear repayment plan? I’m testing a small loan through Ledn, and it’s been pretty neat learning the process. When BTC was around $75k, I didn’t have spare cash, so I borrowed against my holdings and bought about $1,000 more. My situation is different from a house purchase and adds leverage, but it’s helped me understand the mechanics. A few lessons learned: Figure out the repayment route first. I initially thought I needed to buy USDC and pay exchange and transfer fees. Ledn also supports USD repayment through ACH. Cash App offers free standard bank transfers, so that’s a route worth checking against the banking instructions Ledn provides. The interest rate is annual. At my 11.49% rate, 90 days costs roughly 2.83% in interest, before any applicable fees—just under 1% per month. Have a repayment source independent of BTC going up. The debt remains if BTC drops, and the pledged collateral can be liquidated. Here’s a hypothetical comparison. Suppose you need $25,000, half the value of the BTC you’d sell is capital gain, and you owe 20% tax on that gain: Sell $25,000 of BTC: $12,500 of gains creates $2,500 in taxes, leaving $22,500. To net the full $25,000: sell approximately $27,778 and reserve $2,778 for taxes. Borrow $25,000 at 11.49% for 90 days: approximately $708 in interest, with $25,708 to repay, excluding any applicable fees. That’s what I’m wondering about: roughly $708 in borrowing costs versus realizing about $2,778 in taxes now, while retaining the BTC. Actual taxes depend on your cost basis and tax situation, and borrowing postpones a potential taxable sale rather than eliminating taxes permanently. For someone expecting cash within a few months, wouldn’t that be worth considering? The important part is where repayment comes from—the down payment stays in the house, so closing alone doesn’t free that money back up. I’d confirm the loan and source of funds with the mortgage lender before doing anything.

chainglance_cm

That week-long wait is the official Arbitrum bridge's withdrawal period back to Ethereum, which you don't need at all for Hyperliquid. Deposits there take about a minute. Easiest route is just the deposit flow in the Hyperliquid app. Their docs now list Circle's CCTP as the preferred method, the old Arbitrum bridge contract is deprecated. CCTP burns USDC on your chain and mints native USDC on the other side, no wrapped tokens or liquidity pools in between. Coming from another chain, Across, deBridge or LI.FI route it for you. Try to avoid: \- Sending USDC.e instead of native USDC. Only native counts. \- Depositing less than 5 USDC on the legacy bridge. It's gone forever. \- Withdrawing from a CEX straight to the bridge contract. Deposits get credited to the address that sent them, which would be the exchange, not you. Always go through your own wallet.

anymonero

Shouldn't there be a status page for your individual swaps? It typically says what the current status of your swap is which might help you understand why it's taking longer than usual. If you have to use an instant swap instead of a dex, I recommend trocador.app, it's a trusted instant swap aggregator with insurance. It also shows that you would have gotten a better price on CCECash than on SimpleSwap for 500 USDC->XMR.

Dedsnotdead

No, it doesn’t. In the short term and for the case reported on here in real terms it doesn’t prevent someone profiting from the robbery. In the medium term, 3-5 years all the tokens that have been stolen are dead other than outside the main international exchanges. That’s not to say they won’t have value, but they won’t be worth what the quoted value of that token is worth. Smart thing for the person behind the robbery to do now is off-ramp somewhere dubious and exchange for gold/usd and then on-ramp and buy USDT/USDC and immediately pivot into something else. Or just off-ramp and buy “stuff”.

Serious_Pool777

I got so exhausted with P2P that I bumped on this new project. currently available in Vietnam and PH but dudes its pretty solid. you just can deposit in USDT/USDC and withdraw to your local bank/e-wallet directly. Decent conversion rate too! Name is Supercash.me for my PH peeps and Viet peeps out there!

greglogan84

Another option to compare is Cambio. I work for Cambio, so obvious disclosure. The flow is basically what you're describing: select the USDC network you're actually sending from, enter your native BTC receiving address, get the quote, then send the USDC. No exchange account is required. The important part is selecting the correct USDC network because USDC exists on several chains. Compliance/risk screening still applies and verification can be requested if a transaction is flagged. [https://cambio.one/?utm\_source=reddit](https://cambio.one/?utm_source=reddit)

FroyoRich4701

Honestly, I think stablecoins could become pretty useful for everyday payments if the process gets simple enough. Inxy is interesting in that regard since it gives businesses a way to accept, send, and pay out in crypto and stablecoins like USDT and USDC. If the fees and user experience are good, I can definitely see more businesses giving this a shot.

Confident_Ground_775

Not true. When you convert BTC into USDC it is a taxable event.

Candid_Sorbet_4605

I sent it to the deposit address. I meant to send $50 worth of USDC to the ERC-20 address, but I sent 50 ETH. It was before my first cup of coffee. Lesson learned.

sylsau

**You can fork a blockchain. You can’t fork the dollars backing its stablecoins.** **That’s the tension behind USDT and USDC moving closer to Bitcoin.** Imagine a future split. Tether and Circle recognize one branch. Your node can choose the other. But what happens if your loans, customers, and payment systems depend on the dollars that stayed behind? Neither company can rewrite Bitcoin’s rules. Their decisions could still change the cost of defending yours. More liquidity. More utility. More dependence. Bitcoin’s next fork war could test something deeper than software: **How much freedom do you retain when choosing your preferred chain could disrupt your finances?**

faisal_yk26

The interesting part is it's tokenized deposits, not stablecoins. Banks get on-chain settlement but the money stays a regular bank deposit, inside the regulated system. That's the banking industry's answer to USDC.

outoftownMD

All season will be incredibly diluted and minimal again except for the solid projects. Things like pump, fun diluted liquidity, and all those people who rug pull through those all coins will trade back into Ethereum, BTC, USDC or USDT. I have a lot of SUI

PuzzleheadedHuman

At a few hundred dollars of SOL/USDC you can mostly ignore price impact. The biggest SOL/USDC pool on Solana holds about $27M of liquidity and did roughly $156M of volume in the last day, so your trade barely moves it. What changes from day to day is the fee side: the priority fee your wallet sets based on congestion, plus any fee the app adds for the swap itself. (Disclosure: I work at DexPaprika, which indexes these pools, so I stare at this stuff daily.) To read the real cost on an explorer, skip the fee field for a moment. Divide the USDC you received by the SOL you sent; that is your effective price. Compare it to the SOL/USDC price for that same minute on any 1-minute chart. The gap between the two is your swap cost as a percentage, including any app fee baked into the route. The network and priority fee sit on top of that, paid in SOL. If your app charges its own swap fee, at your size that is usually the biggest line, bigger than anything the network charges. That percentage is the number worth checking.

MakCapital

OP said Solana. Base fees are static. There's no congestion but this wouldn't change anything. All comes down to tips or if OP is using a different exchange with each swap. To OP or the AI agent: Use Jupiter and set your own tips if the few extra cents is concerning. Don't swap in wallets. Pretty sure you're looking at only 20 cents per 1k USDC swaps with SOL on Jupiter and as low as sub penny gas or cents with not crazy tipping.

Guilty-Secretary-362

you pretty much got it, congestion is the main thing. i leave the fee on auto most times unless the network is really cooked, then i bump it up a bit on explorer the actual cost is the transaction fee + any protocol fees, sometimes split across a few lines so its not super obvious. i mostly just look at how much SOL left my wallet vs what i got in USDC

New_Watercress_4587

I don’t think that’s the main problem. With traditional financial systems there’s KYC and other ways to revert or prevent scams. BTC transactions are irreversible. I’m sure stablecoins like USDC could be better because they control the smart contracts. Obviously some people prefer defi while others like cefi.

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ananddoyen

Hi everyone, Anand here. I don't usually post asks like this, but I'm in a short-term cash crunch and could use this community's help. Several client payments to my company are delayed, and some unexpected costs hit at the same time. I need CAD 19,580 to cover payroll (overdue Aug 30), cloud infrastructure (Oct 7), and office rent and contractors (Oct 15). It's a bridge until those payments and new contracts come through. USDT or USDC: 0x596b5da5297dbf0cc9efc780b3cc9af0c0794c80 Low-fee networks: BNB Smart Chain, Polygon, Base, or Arbitrum. (Ethereum also works, but fees are high.) Any amount helps, and so does a share. I'll post updates here as each bill is paid. Thank you.

ananddoyen

Hi everyone, Anand here. I don't usually post asks like this, but I'm in a short-term cash crunch and could use this community's help. Several client payments to my company are delayed, and some unexpected costs hit at the same time. I need CAD 19,580 to cover payroll (overdue Aug 30), cloud infrastructure (Oct 7), and office rent and contractors (Oct 15). It's a bridge until those payments and new contracts come through. USDT or USDC: 0x596b5da5297dbf0cc9efc780b3cc9af0c0794c80 Low-fee networks: BNB Smart Chain, Polygon, Base, or Arbitrum. (Ethereum also works, but fees are high.) Any amount helps, and so does a share. I'll post updates here as each bill is paid. Thank you.

DiamondHandsDarrell

I have it and coin base one I earn 4%b back on the first 10k, the unlimited 2% after 10k. Since I've had it (I think almost a year now) I have .05245 BTC earned. Not bad, that's about $4,081 with $473 (11.6%) Then on top of that, I'm holding some cash in USDC which currently pays 3.75% of which I get paid in BTC. That's about $3,500 so far. The biggest trick is to pay it off monthly. And then for me, I make my biggest quarterly expenses with it so even though there's 2% fee to pay with it, getting back $200 in BTC makes it worth it

Worldly-Elk-9394

Brothers i need eth for gas 🥶👌 (bought USDC and forgot about gas)

DarthBen_in_Chicago

Use USDC for your payments. Your cost basis is always $1 (except when it’ll break a buck). Lots of reporting but really easy.

Supachenko82

The safest, no brainer move for beginners. Buy as much USDC as you can afford on Coinbase. Lend all of it in the high yield Vault, that has approximately 7.3% APY. Then just kick back and earn passive income. Why this works: USDC is a stable coin, so no matter how bullish or bearish the market gets, it won't decrease the value of your USDC. It's a stablecoin, with a fixed value of $1.00 United States Dollar. Easy, low risk, passive income, my friend. 😎🤓🧠🤑

Bluejumprabbit

Apple and Google aren't going to mint their own coins, they want stablecoin rails inside Apple Pay and Google Wallet so they skip card interchange fees. The GENIUS Act made issuing a regulated stablecoin a licensing headache, so plugging into USDC or PYUSD is the obvious move for them.

srameshr

You know i saw it at 16K USD when USDC was being depegged to 0.86$ after the Terra fiasco and everyone around me were swapping USDC to Bitcoin and stupid me swapped USDC to USDT at 15 cents loss per coin.

Right-Fault2799

You could buy ETH first and then swap it for USDT or USDC once you have it in a compatible wallet That may be easier than trying to buy USDT directly with PayPal

anon1971wtf

Especially, keeping in mind that most listing mix open blockchains, stablecoins and thousands of private money into one big lists, causing nothing, but confusion which is what. Bitcoin and USDC and BNB/XRP are three different things, completely different

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SpontaneousDream

Hyperlend. If you prefer to do it on Hypercore, you can supply HYPE, borrow USDC at 5% and then use that to short ETH on perps. I wouldn't go that route though

PointDexter6508

USDC still might be the better option

PointDexter6508

Depends on the region. In the EU region USDC is the clear choice.